“35 Mind-Blowing Facts About Inequality”

Posted July 26, 2015 by scottspeak
Categories: Economics, Labor, Politics, Poverty, Social-Economic Justice, Unions

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On July 13, AlterNet, the on-line news source, posted an article titled “35 Mind-Blowing Facts About Inequality”.

In the introductory paragraph of the article, Larry Schwartz, the author of the article writes

” … (Bernie Sanders) has even blasted the orthodoxy of economic growth for its own sake, saying according to Monday’s Washington Post that unless economic spoils can be redistributed to make more Americans’ lives better, all the growth will go to the top 1% anyway, so who needs it?”

Schwartz then recounts the growth of income and wealth inequality in the United States and the world since World War Two.

He concludes his article with thirty-five facts about inequality that will “fry your brain”.

Here are several of those facts:

  • ” … the poorest half of the US owns 2.5% of the country’s wealth. The top 1% owns 35% of it.”
  • “Over 20 percent of all American children live below the poverty line. This rate is higher than almost all other developed countries.”
  • “Four hundred Americans have more wealth, $2 trillion, than half of all Americans combined. That is approximately the GDP of Russia.”

You can read the article and the other 32 facts about inequality here.

Bernie Sanders For President 2016

Posted July 25, 2015 by scottspeak
Categories: Economics, Labor, Politics, Social-Economic Justice, Unions

Tags:

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Bernie Sanders for President 2016

Please visit the official Bernie 2016 website.

DebsSpeak: Working Class, Think and Organize

Posted July 2, 2015 by scottspeak
Categories: Labor, Politics

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“Think for a moment of the present condition of this country and what it might be if the working class but made intelligent use of its organized industrial strength and its political power!”

(Eugene V. Debs, “Review and Personal Statement”, Chicago speech, October 2, 1922)

Syd Hoff: The Upper Crust – Cartooning Capitalism

Posted June 19, 2015 by scottspeak
Categories: Economics, Homelessness, Labor, Politics, Poverty, Social-Economic Justice, Unions

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Syd Hoff (1912-2004) was a cartoonist and children’s book author. In 1933, Hof began contributing political cartoons to leftist newspapers and magazines such as The Daily Worker and New Masses under the pseudonym, A. Redfield. Hoff also drew cartoons for the New Yorker magazine under the title of “The Ruling Clawss.”

Below are two of Hoff’s political cartoons that speak to the economic inequality that existed between the wealth class and the working class in the 1920’s and ’30’s. These cartoons could just as well have been drawn today to cartoon the economic inequality that exists in the United States and World.

The cartoons are entitled “The Upper Crust.”

Upper Crust Vitamins Washington New Dealer A. Redfield Syd Hoff

Upper Crust Madame Washing New Dealer

Information about Syd Hoff can be found here.

Robert Reich on “3 Economic Myths”

Posted June 8, 2015 by scottspeak
Categories: Economics, Labor, Poverty, Robert Reich, Social-Economic Justice, Unions

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“Robert Reich breaks down the 3 biggest economic myths.”

The Big Picture: Strengthen Unions

Posted June 8, 2015 by scottspeak
Categories: Economics, Labor, Politics, Poverty, Robert Reich, Social-Economic Justice, Unions

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“Robert Reich says inequality has skyrocketed as unions have weakened. That is no accident and it’s why we have to strengthen unions now!”

Income And Wealth Inequality

Posted May 27, 2015 by scottspeak
Categories: Economics, Labor, Politics, Poverty, Social-Economic Justice, Unions

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This political cartoon was drawn by Walter Steinhilber. Steinhilber drew many of his cartoons for the Socialist Labor Party during the 1920s.